International Banking and Financial Markets
International Finance: Aims and Objectives, Emerging Challenges, Finance Function in Global Context, Global
Financial Markets, Growing Importance of International Finance, Euro or Offshore Markets Evolution; Interest
Rates in Global Money Market; International Monetary System: Objectives of IMF, Sources of Funds,
Exchange Rates and Par Values, International Liquidity, Special Drawing Rights, Alternative Systems of
Exchange Rates-Classical Gold Standard System, Bretton Wood and Dollar Standards, European Monetary
System, Hybrid System of Exchange Rates; Balance of Payments: Components; Foreign Exchange Market:
Components, Exchange Rate Mechanism, Spot & Forward Rates, Indian Foreign Exchange Market, Exchange
Dealers, RBI &Exchange Markets, Exchange Rate System in India, Eurocurrency Market, Euro Bond Mark;
International Financial Institutions: World Bank, IBRD, Asian Development Bank, International Monetary
Fund, International Finance Corporation.
Foreign Exchange & Derivative Market
Introduction: Organisation of Foreign Exchange Market, Spot Market, Forward Market, Future Contracts,
Currency Options, Swap and Interest Rates; Foreign Exchange Risk Management: Alternative Measures of
Foreign Exchange Exposure, Alternative Currency Translation Methods, Transaction Exposure, Hedging
Strategy, Managing Translation and Transaction Exposure, Foreign Exchange Risk and Economic Exposure,
Calculating Economic Exposure, Operational Measure of Risk.
International Working Capital Management
Financing Foreign Trade; Current Asset Management Short Term Financing; Multinational Financial System;
International Financing: Equity Financing, Bond Financing, Direct Loans, Bank Financing, Govt and
Development Lending, Capital Structure.
International Capital Budgeting
Project Appraisal: Introduction, Review of the NPV Approach, Adjusted Present Value (APV) Framework,
Appraisal in the International Context, Capital Structure and Cost of Capital, Political Risk Analysis,
International Joint Ventures and Transfer Pricing, Country Risk Analysis.